CARES – Paycheck Protection Program
The program provides 100% federally guaranteed loans to small businesses with the goal of helping them keep their employees employed during the COVID-19 pandemic and any resulting economic downturn.
SBA Debt Relief
The CARES Act allocated $17 billion to help small businesses cover 6 months of payments on SBA 7(a) loans. The 7(a) loan program is SBA’s primary program for providing financial assistance to small businesses.
SBA Economic Injury Disaster Loans
SBA’s EIDL program provides small businesses with working capital loans of up to $2 million to cover temporary losses suffered as a result of COVID-19.
SBA Express Bridge Loans
If you currently have a relationship with an SBA Express Lender, the Express Bridge Loan Pilot Program allows your small business to receive expedited financing, of up to $25,000, on an emergency basis while applying for and awaiting long-term financing.
Tax Provisions – COVID-19 Tenant Resources
The Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Families First Coronavirus Response Act (FFCRA) contain a number of tax provisions and amendments that are designed to help employers access cash and retain employees during the COVID-19 pandemic.